Which of the following institutional practices, if done informally and excessively at exploitative high-interest rates, hinders rather than supports the long-term progress of a rural economy?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Exploitative informal non-institutional borrowing practices

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Answer 1

Exploitative informal non-institutional borrowing practices

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Adoption of modern agricultural equipment

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